JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Stake Lifted by Ridgepath Capital Management LLC

Ridgepath Capital Management LLC increased its position in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 83.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 351,277 shares of the company’s stock after purchasing an additional 159,861 shares during the period. JPMorgan Ultra-Short Income ETF comprises 8.2% of Ridgepath Capital Management LLC’s investment portfolio, making the stock its 3rd largest position. Ridgepath Capital Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $17,694,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JPST. Eastern Bank increased its position in JPMorgan Ultra-Short Income ETF by 95.1% during the 4th quarter. Eastern Bank now owns 513 shares of the company’s stock valued at $26,000 after buying an additional 250 shares in the last quarter. Kennebec Savings Bank bought a new position in shares of JPMorgan Ultra-Short Income ETF during the third quarter valued at $27,000. Sound Income Strategies LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 82.2% in the 4th quarter. Sound Income Strategies LLC now owns 749 shares of the company’s stock worth $38,000 after purchasing an additional 338 shares during the last quarter. Sugar Maple Asset Management LLC bought a new position in JPMorgan Ultra-Short Income ETF in the 4th quarter worth about $50,000. Finally, Whittier Trust Co. increased its stake in JPMorgan Ultra-Short Income ETF by 29.5% during the 3rd quarter. Whittier Trust Co. now owns 1,295 shares of the company’s stock valued at $66,000 after purchasing an additional 295 shares in the last quarter.

JPMorgan Ultra-Short Income ETF Trading Up 0.0 %

Shares of NYSEARCA JPST opened at $50.59 on Friday. The firm’s 50 day moving average price is $50.48 and its 200-day moving average price is $50.52. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.20 and a 52-week high of $50.75.

About JPMorgan Ultra-Short Income ETF

The JPMorgan Ultra-Short Income ETF (JPST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated debt securities with an effective duration of one year or less. JPST was launched on May 17, 2017 and is managed by JPMorgan Chase.